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Feb 8, 2013
02/13
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on the ground the meantime new york city under a blizzard warning at the moment. forecasters saying that we can expect anywhere from 10 to 15 inches of snow, and as the day has progressed we have also seen travel disruptioned increase. we looked at amtrak recently. it has suspended its northbound regional lines and the acela service between boston and new york, and also looking at some of the flight cancellations. according to flightaware.com. the latest number, 4,630 flights have been cancelled from yesterday, today and also for tomorrow as airlines try to get ahead of this storm. and, of course, there's an economic impact as well, but some economists have told me it could end up being a wash. you see people buying more ahead of the storm to stock you. we could see a whiteout shutting retailers down tomorrow, but at the end of the day it should be about equal. back over to you. >> jackie, thanks very much. let's check in on how the storm is affecting new york city itself. the weather channel's paul goodloe is there in times square. paul? >> well, here we've had a
on the ground the meantime new york city under a blizzard warning at the moment. forecasters saying that we can expect anywhere from 10 to 15 inches of snow, and as the day has progressed we have also seen travel disruptioned increase. we looked at amtrak recently. it has suspended its northbound regional lines and the acela service between boston and new york, and also looking at some of the flight cancellations. according to flightaware.com. the latest number, 4,630 flights have been...
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Feb 14, 2013
02/13
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FBC
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and young people in the city of new york. 50 million tourists visited new york city and the big apple last year. we continue now with liz claman. liz: as we said, stocks are trading in a very narrow range. the dow jones industrial in positive territory. let's find out what the traders are talking about. we have nicole petallides on the trading floor. >> yes, we are going to hover around these levels. it will be seven weeks in a row that the s&p will be higher. that is the first time we have seen that in two years. are you trying to tell me that two years of optimism is working? >> the sentiment in the market is you want to be in this market is moving moving higher. look at the news today. very positive sentiments in our markets. m&a news. cash on hand. it's a very positive thing. >> that is cut and dry. on the other hand, with m&a news, good news. then you have struggling in europe. >> we do. that has been a headline that has been around for a while. but the good news is outweighing the bad news and the market is resilient enough. what we need to do now is get through the end of this
and young people in the city of new york. 50 million tourists visited new york city and the big apple last year. we continue now with liz claman. liz: as we said, stocks are trading in a very narrow range. the dow jones industrial in positive territory. let's find out what the traders are talking about. we have nicole petallides on the trading floor. >> yes, we are going to hover around these levels. it will be seven weeks in a row that the s&p will be higher. that is the first time...
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Feb 11, 2013
02/13
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FBC
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lauren simonetti at the new york stock exchange with details. citi just upgrading a bunch of them. it is crazy. >> yeah, certainly upgraded first solar. but i want to show you where a lot of them trade. as you can see right here: this sector is on fire. one of the reasons is also they have sold off so much in the past year, essentially, so they are definitely getting some of their momentum back. there's also a report out today about a new trend where homeowners can have their solar panels installed in their homes and then basically pay for that by paying for the solar energy that they use every month. so that's another trend that we're noticing in the solar market. back to you cheryl. cheryl: lauren, thank you very much. we will see you soon. money gram is the second largest money transfer service, and they are gaining ground on the industry goliath western union. money gram, brand new on-line and mobile transfer service, joining me now for an exclusive interview pam patsley, money gram chairman and ceo. you are really going after western union, had been the behemoth in this space,
lauren simonetti at the new york stock exchange with details. citi just upgrading a bunch of them. it is crazy. >> yeah, certainly upgraded first solar. but i want to show you where a lot of them trade. as you can see right here: this sector is on fire. one of the reasons is also they have sold off so much in the past year, essentially, so they are definitely getting some of their momentum back. there's also a report out today about a new trend where homeowners can have their solar panels...
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[laughter] >> well, i think you could pay the people in the city to not do that in front of your driveway, but everyone else has to suffer through that. liz: yeah, i know. i know. this is a tough business, though. especially when we have had such light snowfall in the past. how do you anticipate, how do you hedge? you have to buy a lot of metal because that's what your products are made of. but what is your toughest job right now? >> yeah. i think what we've always focused on, liz, is to manage the things we can control. understanding in a business like ours, that every other year could be a weather-driven recession, so we make sure that our fixed costs are very low and our variable costs are quite high, and as a result, we can ramp up and down very very quickly. and as a result, i think, you know, with the 50-year record low snowfall last year, i think we turned in some very nice financial results and cash flow results which frankly i think amazed some people. liz: and a dividend of nearly 6%? >> yes. liz: that's impressive. people certainly like that. that alone is attractive. for the t
[laughter] >> well, i think you could pay the people in the city to not do that in front of your driveway, but everyone else has to suffer through that. liz: yeah, i know. i know. this is a tough business, though. especially when we have had such light snowfall in the past. how do you anticipate, how do you hedge? you have to buy a lot of metal because that's what your products are made of. but what is your toughest job right now? >> yeah. i think what we've always focused on, liz,...
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Feb 5, 2013
02/13
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, it's off the charts. it's printed to 70, so all in all we think that the global markets are healing and china is getting better and europe is getting better and greece is off the table and draghi will speak this week. >> right. >> things continue to be positive. >> mike -- >> i'm not sure china is getting better. >> you don't think china is getting better. >> just look at yum earnings. >> according to bmi china is getting better. >> expectations are too high. just for what it's worth in china. >> all right. let's -- >> how about europe? mike, does europe become front page news again? where are these markets? a couple of cat lifts on the horizon, italian elections and debt coming due for spain? >> what we saw yesterday is that the threshold is pretty low for people to start getting nervous again about europe because we don't have the depth of confidence that the european central bank is really all in and means the same thing that it means over here with the fed, so i do think there's a possibility for a su
, it's off the charts. it's printed to 70, so all in all we think that the global markets are healing and china is getting better and europe is getting better and greece is off the table and draghi will speak this week. >> right. >> things continue to be positive. >> mike -- >> i'm not sure china is getting better. >> you don't think china is getting better. >> just look at yum earnings. >> according to bmi china is getting better. >> expectations...
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Feb 19, 2013
02/13
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CNBC
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some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> welcome back. office max and office depot in advanced talks to merge. kayla tausche with the latest. >> reporter: still no word on pricing for that deal between office depot and office max. because the deal has stopped it's been incredibly difficult for sources to pin down the exact exchange rate ratio for this teal. office max is up 21% and office depot up 21%. the company is eyeing thursday for an announcement and the company was pushed in december to review its options including a sale in the stake of its mexico unit. that's said to be part of this deal. the consolidation has been announced and still it would be the latest point supporting the deal dam bursting. according to u.s. macizations activity is double what it was the same period last year and the second highest year-to-date total ever, second only to the year 2000. maria. >> thank you so much. kayla. not just retail. investors seeing a pickup in m & a action. warren buffett entered the ring with the b
some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> welcome back. office max and office depot in advanced talks to merge. kayla tausche with the latest. >> reporter: still no word on pricing for that deal between office depot and office max. because the deal has stopped it's been incredibly difficult for sources to pin down the exact exchange rate ratio for this teal. office max is up 21% and office depot up 21%. the...